Simple Trade Setup |HDFCBANK | 27-08-2021

26. Aug. 2021

HDFCBANK

Observations:
1) After breaking neck line of rounding bottom at 1551 level it has been taking support from this neck line.
Please refer below chart : 15min time frame


2) For the short to mid term targets looks till 1634 level.

Please refer below chart.


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Trade Setup for Date 27-08-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.